As the demand for truck drivers continues to increase, it’s becoming more important for trucking companies to offer competitive benefit packages to attract and retain top talent. Here are some tips on how to stay competitive with your benefit offerings, as well as some examples of what larger trucking companies in the US are currently offering their over the road general freight truck drivers in different parts of the country.
Health Insurance
- Offering health insurance is an essential benefit that can help attract and retain drivers. Many larger trucking companies provide various types of health insurance plans, including medical, dental, and vision insurance. Some companies even offer wellness programs and resources to promote healthy living.
Example: J.B. Hunt, based in Arkansas, offers medical, dental, and vision insurance as well as health savings accounts (HSAs) to its employees.
Retirement Plans
- Providing a retirement plan is another essential benefit for trucking companies looking to stay competitive. Many companies offer 401(k) plans or other types of retirement savings plans to help drivers prepare for their future.
Example: Werner Enterprises, based in Nebraska, offers a 401(k) plan with a company match of up to 4%.
Paid Time Off
- Offering paid time off (PTO) is an important benefit that can help drivers balance their work and personal lives. Many trucking companies provide paid vacation days, holidays, and sick days to their employees.
Example: Schneider, based in Wisconsin, offers paid vacation days and holidays, as well as personal and sick days.
Bonuses and Incentives
- Offering bonuses and incentives can be a great way to attract and retain drivers. Some companies provide safety bonuses, performance bonuses, and sign-on bonuses to their employees.
Example: Swift Transportation, based in Arizona, offers safety and performance bonuses to its drivers.
Training and Development
- Investing in your drivers’ training and development can help them grow and advance in their careers. Many companies offer various training and development programs, including on-the-job training, mentorship programs, and tuition reimbursement.
Example: C.R. England, based in Utah, offers various training and development programs, including a mentorship program and tuition reimbursement for CDL training.
In conclusion, offering competitive benefit packages can help trucking companies attract and retain top talent. By providing health insurance, retirement plans, paid time off, bonuses and incentives, and training and development programs, companies can demonstrate their commitment to their employees’ well-being and professional growth. By staying up-to-date on the latest benefit trends and needs of truck drivers, companies can continue to attract and retain top talent in the industry.